Cheap Homes for Rent in Homewood, AL from $700 (61 Rentals)

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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property at 2335 20th Pl SW

2335 20th Pl SW

BirminghamAL35211
property at 2335 20th Pl SW

2335 20th Pl SW

BirminghamAL35211
property at 1529 1st Ave W

1529 1st Ave W

BirminghamAL35208

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Homewood, AL Local Guide

Cheapest Available Homewood Apartments for Rent and Nearby

 

The cheapest available apartment rental in Homewood, AL is a Studio unit found at University Ridge Apartments in the Smithfield neighborhood priced from $625. The Pearl at Homewood in the West End neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $700. Here is today’s list of the most affordable Homewood apartments for rent:

Apartment ListingModel NameBed/BathPriced From
University Ridge ApartmentsStudioStudio,1BA$625
The Pearl at HomewoodOne Bedroom One Bath1BR,1BA$700
Pointe Arlington1/1.001BR,1BA$700
Silver OakStudioStudio,1BA$725
Southridge Apartments1 Bedroom 1 Bath1BR,1BA$740
Cliff PlaceStudio Apartment, LVPStudio,1BA$751
The CordelleStudio Apartment, Ground LevelStudio,1BA$755
SilveradoStudio ApartmentStudio,1BA$762
Terrace Apartments1 Bedroom 1 Bath - Ground Level1BR,1BA$770
The Hillside Apartments1 Bed / 1 Bath1BR,1BA$775

Best Value Apartments for Rent in Homewood, AL and Nearby

As of November 05, 2025 the best value apartment in the Homewood area is the $1.14 price per square foot 3 Bedroom 2 Bedroom Model at Hickory Knoll in the in the Southwest Birmingham neighborhood starting from $1,540. The second greatest value Homewood apartment is the 2 Bed / 2 Bath Model at Shadesmont Apartments starting at $1,050 with a $0.98 price per square foot in the Woodland Park neighborhood. Here is today’s list of the best values for Homewood apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Hickory Knoll3 Bedroom 2 Bedroom3BR,2BA$1.14
Shadesmont Apartments2 Bed / 2 Bath2BR,2BA$0.98
422 Skyview Dr, Unit K422 Skyview Dr2BR,1BA$1.00
Berry Falls ApartmentsA1R1BR,1BA$1.15
Valley Crest2x1 Classic (vcb1)2BR,1BA$1.10
Highpointe Apartments1x11BR,1BA$1.09
Lakeview1 Bedroom/ 1 Bathroom1BR,1BA$1.11
Southridge Apartments1 Bedroom 1 Bath1BR,1BA$0.99
The Pearl at HomewoodOne Bedroom One Bath Large1BR,1BA$1.16
Valora at HomewoodLovell1BR,1BA$1.15

Apartment Common Area Rules: What Renters Need to Know

From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.

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Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Best Local Schools in
Homewood, AL

School data provided by Great Schools

Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Homewood, AL Rentals by Map

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See the most popular apartments and homes in Homewood, AL

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Frequently Asked Questions about Homewood

What type of rentals are currently available in Homewood?

There are currently 457 Apartments for Rent in Homewood, AL with pricing that ranges from $625 to $14,545. There are also 185 Single Family Homes for rent, Condos, and Townhome rentals currently available in Homewood ranging from $700 to $4,750.

What is the current price range for Rental Homes in Homewood?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Homewood ranges from $700 to $4,750 with an average monthly rent of $1,918.

How much are larger Three and Four Bedroom Rentals in Homewood?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Homewood range from $900 to $3,400, while Three Bedroom Homes, Condos, and Townhomes for rent range from $795 to $4,750. Four Bedroom Single-Family rentals are also available starting from $1,050 and Four Bedroom Apartments start at $2,064.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.